The pair signed a memorandum of understanding in November last year to merge their existing rig businesses to create the world’s largest tender rig company.
Following an extended due diligence period, SapuraKencana signed a conditional sale and purchase deal, agreeing to assume the capital commitments for newbuilds T17, T18 and West Esperanza, as well as outstanding debt of $780 million, as part of the acquisition price.
Upon
